Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing. Balances on April 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue The materials purchased during April are summarized from the receiving reports as follows: $31,900 9,600 71,500 3,100 Fabric $154,400 Polyester filling 214,600 Lumber 423,100 Glue 14,700 Materials were requisitioned to individual jobs as follows: Job 601 Job 602 Job 603 Fabric $57,100 44,000 40,500 Polyester Filling Lumber Glue $71,900 $192,400 78,200 168,400. 53,100 93,600 Factory overhead-indirect materials Total $141,600 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). $7,400 $203,200 $454,400 $7,400 Total $321,400 290,600 187,200 7,400 $806,600

Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing. Balances on April 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue The materials purchased during April are summarized from the receiving reports as follows: $31,900 9,600 71,500 3,100 Fabric $154,400 Polyester filling 214,600 Lumber 423,100 Glue 14,700 Materials were requisitioned to individual jobs as follows: Job 601 Job 602 Job 603 Fabric $57,100 44,000 40,500 Polyester Filling Lumber Glue $71,900 $192,400 78,200 168,400. 53,100 93,600 Factory overhead-indirect materials Total $141,600 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). $7,400 $203,200 $454,400 $7,400 Total $321,400 290,600 187,200 7,400 $806,600

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Description: Please help me fast The glue is not a significant cost, so it is treated as indirect materials (factory overhead).a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.b. Jour

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 5E: Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job...

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Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: The materials purchased during April are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase of materials in April. b. Journalize the entry to record the requisition of materials in April. c. Determine the April 30 balances that would be shown in the materials ledger accounts.
Summary information from a companys job cost sheets shows the following information: What are the balances in the work in process inventory, finished goods Inventory, and cost of goods sold for April, May, and June?
Sultan, Inc. manufactures goods to special order and uses a job order cost system. During its first month of operations, the following selected transactions took place: Required: 1. Prepare a schedule reflecting the cost of each of the four jobs. 2. Prepare journal entries to record the transactions. 3. Compute the ending balance in Work in Process. 4. Compute the ending balance in Finished Goods.
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Entries for materialsGenX Furnishings manufactures designer furniture. GenX Furnishingsuses a job order cost system. Balances on June 1 from the materialsledger are as follows: FabricPolyester filling LumberGlue $40,50028,60062,4006,550 The materials purchased during June are summarized from thereceiving reports as follows: FabricPolyester filling LumberGlue $ 440,000130,000360,00040,000 Materials were requisitioned to individual jobs as attached: The glue is not a significant cost, so it is treated as indirect materials(factory overhead).a. Journalize the entry to record the purchase of materials in June. b. Journalize the entry to record the requisition of materials in June.c. Determine the June 30 balances that would be shown in the materialsledger accounts.
Entries for Materials Genx Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $27,300 Polyester filling 8,200 Lumber 61,200 Glue 2,600 The materials purchased during June are summarized from the receiving reports as follows: Fabric $134,300 Polyester filling 186,700 Lumber 368,000 Glue 12,800 Materials were requisitioned to individual jobs as follows: Polyester Fabric Filling Lumber Glue Total Job 601 $48,300 $60,900 $162,800 $272,000 Job 602 37,200 66,200 142,500 245,900 Job 603 34,300 44,900 79,200 158,400 Factory overhead-indirect $6,300 6,300 materials Total $119,800 $172,000 $384,500 $6,300 $682,600 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase of materials June. a. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry,…
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $18,900 Polyester filling 5,700 Lumber 42,300 Glue 1,800 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $94,100 Polyester filling 130,800 Lumber 257,800 Glue 8,900 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $35,800 $45,100 $120,600 $201,500 Job 602 27,600 49,000 105,600 182,200 Job 603 25,400 33,300 58,700 117,400 Factory overhead-indirect materials $4,700 4,700 Total $88,800 $127,400 $284,900 $4,700 $505,800 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase of…
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $21,600 Polyester filling 6,500 Lumber 48,400 Glue 2,100 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $106,100 Polyester filling 147,500 Lumber 290,700 Glue 10,100 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $39,300 $49,500 $132,400 $221,200 Job 602 30,300 53,800 115,900 200,000 Job 603 27,900 36,500 64,500 128,900 Factory overhead-indirect $5,100 5,100 materials Total $97,500 $139,800 $312,800 $5,100 $555,200 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $24,000 Polyester filling 7,200 Lumber 53,800 Glue 2,300 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $122,200 Polyester filling 169,900 Lumber 334,800 Glue 11,600 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $46,400 $58,500 $156,400 $261,300 Job 602 35,700 63,600 136,900 236,200 Job 603 32,900 43,200 76,100 152,200 Factory overhead-indirect materials $6,000 6,000 Total $115,000 $165,300 $369,400 $6,000 $655,700 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase…
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $31,400 Polyester filling 9,400 Lumber 70,300 Glue 3,000 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $162,700 Polyester filling 226,200 Lumber 445,800 Glue 15,500 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $60,200 $75,900 $202,900 $339,000 Job 602 46,400 82,500 177,600 306,500 Job 603 42,700 56,000 98,700 197,400 Factory overhead-indirect materials $7,800 7,800 Total $149,300 $214,400 $479,200 $7,800 $850,700 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Question Content Area a. Journalize the entry…
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $22,000 Polyester filling 6,600 Lumber 49,300 Glue 2,100 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $111,300 Polyester filling 154,700 Lumber 305,000 Glue 10,600 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $40,100 $50,500 $135,100 $225,700 Job 602 30,900 54,900 118,300 204,100 Job 603 28,500 37,300 65,800 131,600 Factory overhead-indirect materials $5,200 5,200 Total $99,500 $142,700 $319,200 $5,200 $566,600 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase…